Good morning. It is 70 degrees and overcast here in the Upper Hudson Valley. Rain is expected. The headlines point to another case of Ebola down in Texas. Let's get realistic, there's probably going to be many more cases and the disease is powerful and deadly as you know. We all feel the pressure of it because we all already exist with a certain amount of societal pressure - money, housing, politics, war, health care, aging etc etc etc. This unfortunately adds another layer of pressure to our existence. But the good news is that humanity is resilient and adaptive. I also think that humanity is fundamentally compassionate. We can adjust and figure it out. AIDS scared the hell out of us in the early 80s and now it's barely mentioned in the news.
At 8:40 a.m. ET futures are moderately lower and the price of oil per barrel is down. The market is poised to open lower.
A few stocks seems to be keeping their heads above water like Intel which posted a strong third quarter but generally speaking with the price of oil tanking the market is still in correction mode. The DOW is on the verge of slipping below 16K and what exactly is there to stop it at this moment.
CNN:
Stocks: 4 things to know before the open
Investors are preparing for a slew of big earnings announcements Wednesday.
At 2 p.m., the Federal Reserve will release its Beige Book, which is a compilation of anecdotal information about the state of the U.S. economy.
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